Novatech purchase TTS Liftec OY
10th of February this year Novatech took over TTS Liftec OY from TTS Group in Bergen. The new name of TTS Liftec OY is NT Liftec OY.
NT Liftec OY is today the biggest producer of Cassette Systems for the Shipping and Heavy Industry.
NT Liftec OY will use the Novatech Production facility as subcontractor. The final assembling and testing of Transliftere will still take place in Finland.
The acquisition of Liftec affirms Novatech group’s strive to expand its international profile. This will enable us to expand product portfolio and strengthen business in heavy duty transportation equipment for industry, ports and shipping companies. This movement clearly shows our ambition to be a leading global provider of products that meet increasing customers’ requirements and a growing demand for supply chain security.
Novatech and Liftec complement each other by having targeted convergent customers while offering similar products portfolio. Liftec’s individual products will remain unchanged, so all items will be sold and marketed as before. The merged companies altogether will employ around 300 staff members in Denmark, Finland and Poland. Novatech group is represented in more than 50 countries worldwide.